A
adviceplease5
Guest
I bought a second hand house 3 years ago as an FTB (I currently live in it) and then I bought another new house recently. I had planned to pay stamp duty at at an investors rate on the new house when it is built. However, plans have changed and I have decided to sell the new property when it is built.
Does anyone know if I would have an option of paying clawback stamp duty on my current PPR (i.e. pay back the difference between the FTB rate and the investor rate) and make the new house my PPR until it is sold, thereby not having to fork out the stamp duty for the new house (which would be a much greater amount than the clawback on my current PPR).
All advice welcome.
thanks
Does anyone know if I would have an option of paying clawback stamp duty on my current PPR (i.e. pay back the difference between the FTB rate and the investor rate) and make the new house my PPR until it is sold, thereby not having to fork out the stamp duty for the new house (which would be a much greater amount than the clawback on my current PPR).
All advice welcome.
thanks